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Kenorland Closes $5.2 Million Strategic Investment By Sumitomo

Nov 04, 2021over 3 years ago

Amount Raised

$5.2 Million

Vancouver

Description

Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce the closing of a $5.2 million strategic investment (the "Financing") by Sumitomo Metal Mining Canada Ltd. ("Sumitomo").

Company Information

Company

Kenorland Minerals

Location

Vancouver, Washington, United States

About

Kenorland Minerals Ltd. (TSX.V KLD) is a mineral exploration Company incorporated under the laws of the Province of British Columbia and based in Vancouver, British Columbia, Canada. Kenorland's focus is early to advanced stage exploration in North America. The Company currently holds three projects in Quebec where work is being completed under joint venture and earn-in agreement from third parties. The Frotet Project is held under joint venture with Sumitomo, the Chicobi Project is optioned to Sumitomo, and the Chebistuan Project is optioned to Newmont Corporation. In Ontario, the Company holds the South Uchi Project under an earn-in agreement with a wholly-owned subsidiary of Barrick Gold Corporation. The Company also owns 100% of the advanced stage Tanacross porphyry Cu-Au project as well as an option to earn up to 70% from Newmont Corporation on the Healy Project, both located in Alaska, USA. Further information can be found on the Company's website www.kenorlandminerals.com